Question

A dealer paid 10000 for a boat at an auction. At the dealership, a salesperson sold the boat for 30% more than the auction price. The salesperson received a commission of 25% of the difference between the auction price and the dealership price. Hat was the salesperson’s commission?

A. $750
B.$1750
C.$3250
D.$5500

Answer 1

Selling price of boat: 1.3($10,000) = $13,000.

Salesman's commission: 0.25($13000-$10000) = 0.25($3000) = $750